Short Interest in Neuberger Berman Option Strategy ETF (NYSEARCA:NBOS) Increases By 2,052.4%

Neuberger Berman Option Strategy ETF (NYSEARCA:NBOS) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 753,835 shares, a growth of 2,052.4% from the June 30th total of 35,023 shares. Based on an average trading volume of 113,197 shares, the short-interest ratio is currently 6.7 days. Currently, 4.5% of the company’s stock are sold short.

Neuberger Berman Option Strategy ETF Stock Performance

Shares of NYSEARCA:NBOS opened at $28.12 on Friday. The firm has a market capitalization of $469.60 million, a P/E ratio of 26.11 and a beta of 0.44. The stock has a 50 day moving average price of $28.01 and a 200-day moving average price of $27.62. Neuberger Berman Option Strategy ETF has a 52-week low of $25.87 and a 52-week high of $28.36.

Institutional Investors Weigh In On Neuberger Berman Option Strategy ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. raised its holdings in Neuberger Berman Option Strategy ETF by 19.2% in the second quarter. Raymond James Financial Inc. now owns 132,315 shares of the company’s stock worth $3,445,000 after purchasing an additional 21,344 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Neuberger Berman Option Strategy ETF by 8.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 15,386 shares of the company’s stock worth $413,000 after buying an additional 1,135 shares during the period. JPMorgan Chase & Co. grew its position in shares of Neuberger Berman Option Strategy ETF by 37.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,280 shares of the company’s stock worth $357,000 after buying an additional 3,613 shares during the period. Advisory Services Network LLC bought a new position in shares of Neuberger Berman Option Strategy ETF in the 3rd quarter worth about $27,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Neuberger Berman Option Strategy ETF by 140,400.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,405 shares of the company’s stock worth $38,000 after acquiring an additional 1,404 shares in the last quarter.

About Neuberger Berman Option Strategy ETF

The Neuberger Berman Option Strategy ETF (NBOS) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that utilizes a cash-secured put writing strategy on US indices. The fund seeks long-term capital appreciation and income. NBOS was launched on Sep 16, 2016 and is issued by Neuberger Berman.